File photo of bread
Following the rise of economic inflation across the country, The Association of Master Bakers and Caterers of Nigeria (AMBCN) has disclosed that its members will increase the prices of bread and other items by 30 percent.
The association’s stakeholders explained that the sudden increase in bread prices is due to the high cost of production and commodities such as sugar, yeast and flour.
The directive was part of the resolution reached during the National Executive Council (NEC) meeting of the association held in Abuja.
National President of AMBCN, Masur Umar, acknowledged that there will be a 30 percent increase in the prices of bread in the coming days.
“After considering the impact of the skyrocketed prices of baking ingredients/materials, for the survival of our noble business, which is presently bleeding, the association came to the conclusion to adjust our prices by 30 percent,” the statement reads.